ACCOUNTING
Banking Trade Finance
Since 1997 CslSoft has emerged as the leading software solution vendor in the financial management field with its flagship Accounting solution branded as Dheeraj™. It has already been successfully implemented both at home and abroad. Detail for DheerajTM is described below:
Functional area of the system:
General LedgerModule:
- Petty cash
- Import transaction from Excel sheet
- Provisional journal
- Reversing journal of provisional entry
- Non-cash transactions that are not related to the subsidiary
- Any adjustment within the same supplier/buyer
AccountsReceivable Module:
- Accurate management of customer records
- Powerful transaction processing
- Flexible cash recovery
- Suppliers’ balance confirmation statement
- Invoice-wise aging of Receivables
- Consolidated Receivable statement for a group of companies.
- Print any statements without closing the year.
- Accumulate customer statistics and retain that information for as long as you need it.
Accounts payable module:
- Accurate management of vendor records
- Powerful transaction processing
- Flexible cash disbursement
- Suppliers’ balance confirmation statement
- Invoice-wise aging of payables
- Consolidated payable statement for a group of companies.
Operational advance:
- Advance Requisition
- Advance payment to employees for procurement/expenses
- Advance adjustment based on approved requisition
Budget Management:
- Yearly budget
- Monthly budget
- Weekly budget
- Budget at any particular date
- Budget against budget head, account head, cost center & activity level
Loan management: Long-term or short-term loan transactions based on different loan reference numbers and subsidiary ledger by reference number.
Major Features:
- Batch process system: Transactions are entered under a system-generated batch. The main purpose is to ensure internal checks and minimize rectifying entries.
- Batch post: Authority checks the entered data comparing with source information, post batch/transactions and then all GL & financial reports become updated.
- Both side balance matching: At the time of transaction saving, system validates whether amount of debit & credit side are matched or not. Unmatched transactions are not allowed to be processed further.
- Flexible multi segment account structure: Report can be generated for different segments.
- Account head inactive: If management decides not to use any particular account, system allows to inactive that account.
- Preserved historical data: The system can preserve 10 years of data.
- Multi-user: More than one user can enter data at a time.
- Cost center based accounting: Project wise transaction keeping and reports are available.
- Activity-based accounting: Transactions can be maintained at activity level, like fuel expense by car number, telephone expenses by telephone number, etc.
- Covering voucher: User will enter transaction from source data and get covering voucher that saves time used for hand writing voucher.
- Data import: The system can import transactions from a predefined excel sheet format. Transaction must be petty cash payment nature those are not related with subsidiary level like accounts payable, accounts receivable & term loan.
- Data export: Any system generated report is possible to export in excel sheet.
- Bank reconciliation: The same facility is available that users do manually.
- User access control: The Authority can control user access in any entry screen. Once a user accesses, the system allows that person to use all options.
- Post dated cheque management: System captures all the post dated cheques and passes transaction in due date. The user does not have need to memorize it.
- Period lock: Authority can control transaction entry in one or more period by locking period.
- No barrier to entering data for next year: The System allows entering next year’s transaction without closing the previous accounting year. Users are suggested to close the previous year with in four months.
- Report creation tools: The system allows users to create different report templates for balance sheets, income statements and notes to the financial statements.
- Year closing process: System updates retained earnings account and clear all transactions related with income statement type.
Direct and indirect benefits to the users:
- Flexible multi-segment account structure.
- Powerful budgeting capabilities.
- Extensive comparative and historical data.
- Financial reporting.
- Multicurrency & Multi-user.
- Ability to originate transactions in other modules.
- Post dated cheque handling and transaction in due time.
- Lease finance scheduling and transactions in due time.
- Project, Building and Apartment based accounting.
- On-demand production of management reports.
- Cost center based accounting.
- Activity-based accounting.
- Multi-layer cost center
- Scalability to integrate with other modules